Crypto Currency News

Bitcoin price fails to make a foothold as altcoins advance steadily

The leading crypto currency is losing ground to smaller crypto currencies.

Bitcoin stopped its slow recovery after two days of consecutive growth, and opened the day today with a fall of more than 1%, which took its price below $ 54,500. At the close of this note, the price of BTC is $ 54,426.

The daily behavior of BTC does not seem to have external factors of a strong influence, as altcoins have had in recent days. The leading crypto currency is losing ground to smaller crypto currencies, which hit new all-time highs daily.

Currently, BTC dominates 49.5% of the market in terms of total capitalization. The last period in which it represented less than half of the market was in July 2018, when its price was about USD 8,000. Six months before that month, however, he saw a minimum of 35% dominance.

The main exponent of altcoins , Ethereum (ETH), just hit a new all-time-high (ATH) above $ 2,680. At the closing of this note, its price is USD 2,711 and the most optimistic specialists believe that the rally could take it to USD 2.8K in the next few hours.

Another alternative crypto currency to reach its maximum peak in recent hours was Uniswap (UNI), which touched USD 40.50 yesterday after a jump of 17%. Today it rose again by 8% and is trading at USD 42.61.

Binance Coin (BNB), Cardano (ADA), and Polkadot (DOT) are down just 1%, trading at $ 556, $ 1.30, and $ 33.42, respectively. XRP and Litecoin (LTC) are down 4% and 2%, so their price ranges from $ 1.34 to $ 253.

Dogecoin (DOGE), which in recent days was unable to establish daily sums, jumped 13% and touched $ 0.30. In the last hours, the asset received winks from two referents of the ecosystem.

Mark Cuban, a renowned American businessman and owner of the NBA’s Dallas Mavericks, said on Twitter that “Doge is the only currency that people really use for transactions.” On the other hand, the CEO of Tesla, Elon Musk, announced that he will host Saturday Night Live next Saturday, May 8 and introduced himself as “Dogefather.”

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